August 1, 2019 8:30am – 12:00pm

Webcast: Cost Accounting, R.I.P.: Cost Accounting Is Opinion, Cash Flow Is Fact

Entities focus on cost accounting data rather than the factors that influence the data. Vast sums are spent to allocate costs that have nothing to do with cash. Instead, start with value, determine price, then justify costs that can incur profits.

Since you can calculate different costs using the same data it’s obvious that costs do not represent cash. Cost accounting confuses metrics with measurements. There are three primary reasons cost accounting is a bad practice: 1) You have to create and force math and relationships that do not exist; 2) By doing this, you lose touch with your operations; and 3) You create meaningless numbers that people consider as gospel, when in reality they are nothing but opinions.

The lesson is that a company needs to start with value, then determine price, which finally justifies the costs that can be profitably incurred to produce a good or service desired by customers. It seems so obvious to constrain your company with a final price before you begin to incur any costs, yet this practice is not widely followed, despite its proven successes. Costs are, no doubt, important to consider, but the crucial distinction is when they are considered, and what measures are to be used.

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Webinar
Accounting & Auditing
4
August 1, 2019 12:30pm – 4:00pm

Webcast: What Every CPA Should Know About Fraud

External auditors only detect 3-5% of all fraud incidences. Get pragmatic guidance on detecting fraud.

Discuss where fraud is most likely to occur. Learn how to conduct inquiries and direct the audit in the areas of greatest concern; those most likely to be abused by perpetrators.

Materials are provided as an ebook for this course.

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Webinar
Accounting & Auditing
4
August 2, 2019 8:00am – 3:30pm

Webcast: Federal Estate And Gift Tax Return Boot Camp

The estate tax and generation-skipping transfer tax have returned, and the gift tax is again unified with the estate tax. Changes in the transfer tax under new law are mirrored in the compliance requirements. The purpose of this course is to learn how to prepare Forms 706 and 709 in these circumstances. This practical manual guides the CPA through the complex issues in completing these forms.

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Webcast
Taxation
8
August 2, 2019 8:00am – 3:30pm

Federal Estate And Gift Tax Return Boot Camp

The estate tax and generation-skipping transfer tax have returned, and the gift tax is again unified with the estate tax. Changes in the transfer tax under new law are mirrored in the compliance requirements. The purpose of this course is to learn how to prepare Forms 706 and 709 in these circumstances. This practical manual guides the CPA through the complex issues in completing these forms.

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Phoenix
Taxation
8
August 2, 2019 8:30am – 4:00pm

Webcast: S Corporations: The Fundamentals And More

Considers a wide range of topics related to S Corporations with the purpose of creating or refreshing a solid foundation of knowledge in this specialized area of the tax law.

This course will review the requirements to elect S Corp status, the process of electing and the consequences of the election. Also, discuss the decision to elect or terminate and the sale of the corporate business which create valuable insights and perspective for more advanced S corp study in the future.

Additionally, take into account the 2017 Tax Cuts and Jobs Act changes such as the "qualified business income deduction" IRC 199A.

Materials are provided as an ebook.

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Webinar
Taxation
8
August 2, 2019 8:30am – 12:00pm

Webcast: Employee Stock Options

Following the tech bubble burst in 2001, employee stock options waned. As technology and other business sectors resurged, rewarding employees with company stock ownership has returned. Get up to date with stock compensation plans.

Sort through the alphabet soup of options: NSOs, RSUs, ISOs and ESPPs, as well as study the different tax treatments for each. Come away knowing how to properly report your client's various transactions and how to advise them on tax-advantaged strategies.

Materials are provided as an ebook.

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Webinar
Taxation
4
August 2, 2019 9:30am – 1:00pm

Webcast: How Fraud Can Affect Smaller Organizations

Many small to medium sized companies do not properly address fraud-related risk because these organizations do not have the resources needed to mitigate this risk or because owners or those in top level management underestimate the scope of the issue.

All organizations, regardless of size, must be aware of the risks associated with intentional fraudulent acts and know that a significant and effective fraud scheme could even present going concern issues for some entities. In this session, we delve into the reasons that fraud take place. The material discusses the types of defalcations that are often executed against smaller entities and then explores measures that organizations can implement to help stop fraud activities and add security.

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Webinar
Accounting & Auditing
4
August 2, 2019 10:00am – 12:00pm

Webcast: Managing Your Time As If It Was Your Money

In the hustle and bustle of today's business world, we all feel as though we don't have enough time. However, we each get the same 24 hours to spend each day. Whether we feel like our energy bank is full or depleted depends on how we invested those 24 hours. Working with the idea that time is a currency, you'll be able to identify opportunities where you can increase your ROI and techniques to improve how you are spending your time.

This session will:

  • Review an Excel tool to clarify where you are spending your time.
  • Determine what activities produce low yields and should be shifted.
  • Identify opportunities for investment activities that will increase your performance.
  • Create an action plan to enhance effectiveness in your daily routines and prioritization of tasks. 

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Webinar
Management
2
August 5, 2019 8:00am – 3:30pm

Webcast: Implementing and Maintaining an Internal Control System

Many organizations are successful as they create a system of internal controls, however some fail to properly implement the measures that are established. Moreover, entities regularly neglect the important process of testing, monitoring and updating control procedures, which weakens the entire internal control structure. This session provides an overview of control creation methods and discusses ways to successfully implement policies and procedures. Additionally, it includes an array of control maintenance checklists that participants can take and adapt to their organization as they work to improve policies and procedures. Finally, it provides an understanding of the need for dynamic, fluid controls that adapt to changes in business tools and methods. Participants that take this course will have a strengthened ability to implement and maintain an internal control system. Please Note: Phoenix Beach webcast course materials cannot be printed. The most recent version of Adobe Reader (available as a free download) is needed to open the manual, which allows highlighting and notations. If a printed version is desired, you may contact the CPE department at ascpacpe@ascpa.com at least two weeks in advance of the course to purchase a copy for $25.

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Webcast
Accounting & Auditing
8
August 5, 2019 8:00am – 3:30pm

Implementing and Maintaining an Internal Control System

Many organizations are successful as they create a system of internal controls, however some fail to properly implement the measures that are established. Moreover, entities regularly neglect the important process of testing, monitoring and updating control procedures, which weakens the entire internal control structure. This session provides an overview of control creation methods and discusses ways to successfully implement policies and procedures. Additionally, it includes an array of control maintenance checklists that participants can take and adapt to their organization as they work to improve policies and procedures. Finally, it provides an understanding of the need for dynamic, fluid controls that adapt to changes in business tools and methods. Participants that take this course will have a strengthened ability to implement and maintain an internal control system. Please Note: Phoenix Beach webcast course materials cannot be printed. The most recent version of Adobe Reader (available as a free download) is needed to open the manual, which allows highlighting and notations. If a printed version is desired, you may contact the CPE department at ascpacpe@ascpa.com at least two weeks in advance of the course to purchase a copy for $25.

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Phoenix
Accounting & Auditing
8

Need assistance to find the right mix of CPE to meet your CPE requirements and to fit your professional development needs? Contact the ASCPA to assist you in planning your CPE schedule at (602) 324-6042 or by email.